Suncor Energy Inc T.SU

Future African demand growth

[MigraineCall]

• 1.3 billion Africans use about 4 million b/d of crude oil or just over 1 barrel per person per year.
  
  By way of comparison, around 375 million US and Canadian citizens consume 23 million b/d, or over 22 barrels per person per year. 
   

• African countries collectively produce about 7 million b/d, resulting in net exports of around 3 million b/d to the Rest of the World. 
   

• The USA plus Canada have combined oil (liquids) supply and demand of 23 million b/d. Our exports to the Rest of the World net to zero.  
   

• A continent that uses around 1 barrel per person per year is actually providing oil for the Rest of the World, which currently consume far more oil than does the average African.  
   

• The richest region in the world, the United States plus Canada, exports net zero oil to the Rest of the World and is facing intense pressure to actually produce less from left-of-center politicians and activists. 

• USA consumers shift toward circa 70% SUVs/30% light cars from the opposite 30 years ago. This wipes out the majority of government-mandated fuel economy gains. 
   

• Primarily European institutions and climate activists aggressively seek to stop a singular oil pipeline from Uganda to Tanzania located within a continent using 1 barrel of oil per capita. 
   

The energy transition as currently being attempted is devoid of economic and social justice for the least fortunate in Africa. 
 

There is significant scope for African nations to improve economic outcomes and living standards for their citizens. Improving to a measly 3 barrels of oil usage per capita would net 8 million b/d of oil demand growth in Africa.

https://arjunmurti.substack.com/i/135321405/q-shouldnt-africans-have-the-opportunity-to-demand-a-nd-barrel-of-oil-how-about-a-third-barrel

[ztransforms173]

- UNFORTUNATELY, although Africans DESERVE a MUCH HIGHER standard of living (including a GREATER per capita oil and gas consumption); LARGE-SCALE CORRUPTION {including many bloodthirsty dictators} and BIG POWER EXPLOTIATION POLITICS {Chinese DEBT TRAP resource CONFISCATION being the MOST DAMAGING tool being presently used} PREVENT Africa from being CONSTRUCTIVELY DEVELOPED to reward and enrich it&

[mrbb]

tribal africans are easily exploited, just buy off the chief and the nation's resources can by had for cheap.  They thot they got out of anglo saxon's noose but doesn't know now into chinese flaming wok